SteadyMed raises another $5m from key shareholder

SteadyMed (NSDQ:STDY) said today that 1 of its largest institutional shareholders exercised warrants to purchase additional shares of the company that the investor got in conjunction with the 1st tranche of a previous private placement.

Thanks to the exercise, San Ramon, Calif.-based SteadyMed received an additional $5 million in proceeds.

Get the full story at our sister site, Drug Delivery Business News.

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